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For some strange reason, people tend to think that because Bitcoin is a new type of currency, there's some magic way you can earn Bitcoins or even make money from it readily. Im sorry to burst this bubblebut Bitcoin is just like any other currency out there.

While cryptocurrencies in general may hold a few new possibilities for generating income the basics are the same youll need to invest time, or money in order to make money.

All of the methods Ill go over are things weve really tested ourselves at 99Bitcoins, so you can rest assured were talking from experience. Lets get started

One of the most affordable, easiest but most time consuming ways to actually earn Bitcoin is through micro earnings. This means that youll essentially be doing little tasks and earning fractions of a coin for the period you spend.

A number of the more well-known micro earnings sites are Bitcoin faucets sites which you repeatedly visit every couple of minutes in order to claim a tiny amount of coins. Faucets are in fact a subcategory of all PTC websites, PTC meaning Pay . PTC websites will usually have you click on an ad or on a button on the site in order to generate money from advertisement sales.

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From our calculations, if you work non stop at clicking buttons youll average anywhere between 5-40 cents an hour. Not sure thats worth your time or even the electricity for running your PC.

While participating as a tap person may not earn you a great deal of money, owning your own faucet is a whole different story. Today, you can build a cryptocurrency faucet relatively easily and earn money from selling ads on your site.

At 99Bitcoins we have been running our own faucet for almost 3 years now. Depending on the advertisers youre using and the amount of traffic you have you can make around $1000/month running a faucet.

However, running a faucet takes a reasonable amount of time and energy. Youll need to set up your own website, manage users, prevent fraud and also bring some initial capital to advice fund the faucet when starting out. Heres our beginners guide to running a faucet.

Somewhere around mid-2014, BitcoinTalk, a leading Bitcoin forum,  started running signature campaigns. In other words, you can use your BitcoinTalk signature to market a product go to my blog and get paid for each post you write. The whole collection of campaigns can be seen on the forum itself.

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With a signature campaign You get paid according to your membership level on BitcoinTalk. Usually, anyone using a status less than complete member wont get paid that much, if at all. To be a full member, youll need at least 120 articles under your belt. Additionally, there are limitations on articles; such as length, original content, and much more. .

From time to time, theres also a minimum post requirement each week. From our experience you can make around $5 an hour depending no how much you compose and your membership level. This, of course, does not include the number of posts you need to write in order to earn the mandatory membership level on BitcoinTalk. .

One of the quickest, easiest but riskiest ways you can make money with Bitcoin is by trading it on an exchange. Basically youre trying to buy Bitcoin when its cost is low and sell it when the price rises.

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But, trading Bitcoin successfully is not a matter of luck or guesswork. Profitable traders spend a substantial amount of time learning how to trade and how Read More Here to conquer the many dangers involved with trading. Successful traders know they may lose money in the short term but they look at it as an investment in their own education, since they're aiming for the long run. .

If you want to become a trader make certain that you have the time and capital to invest in good trading education.

One of the most overlooked methods to earn money with Bitcoin is by promoting various affiliate programs. Affiliates are people who promote a certain business for free but get a commission if they manage to bring in paying customers.

Many Bitcoin exchanges, goods and providers have an affiliate program in which you can enroll. You then get your own unique affiliate link in order to promote that service or product.

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Of course there are many ways that you can market your affiliate link you can discuss it on Facebook, run ad campaigns on different sites or even set up your own information site and promote your links within your content.